CBN Revokes Licences of 46 Microfinance Banks as Supreme Court Launches Digital Judiciary Initiative
Financial Regulators Tighten Oversight While Judiciary Embraces TechnologyAnietie Udobit, AbujaThe Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country over persistent regulatory violations.According to the apex bank, the affected institutions failed to meet minimum prudential requirements relating to capital adequacy, governance standards,
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